NCB raises SR1bn through sukuk
Saudi Arabia's National Commercial Bank became the latest lender in the Kingdom to announce the sale of a capital-boosting Islamic…
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Bahrain Sovereign Fund plans more investments in 2015
Even as crude oil prices stabilise, Mumtalakat, which has a current portfolio f $7 billion through 38 portfolio companies, is…
Qatar private sector loan growth picks up
Qatar's private-sector loan growth is picking up and local banks are benefiting from growing non-resident deposits and their expansion abroad,…
IndAsia Fund, Iran’s Middle East Bank form joint venture to tap investment
Ahead of the June 30 deadline for a possible accord among six nuclear power nations and Iran over sanctions against…
UAE launches state bank to finance housing and job creation
The Emirates Development Bank was created by the merger of Emirates Industrial Bank and Emirates Real Estate Bank. With…
UAE federal government lifts Etisalat foreign ownership restriction
The government has lifted the restriction on foreign ownership of Etisalat shares, opening up the country’s biggest publicly traded company…
Saudi lender NCB raises 1 bln riyal capital-boosting sukuk
Saudi Arabia's National Commercial Bank became the latest lender in the kingdom to announce the sale of a capital-boosting Islamic…
Kuwait’s Investment Dar loses appeal against lifting of legal protection
Kuwait’s Investment Dar said on Sunday that a Kuwaiti court had rejected the company’s appeal against a ruling to lift…
ADIB postpones instalments for finance customers during Ramadan
Abu Dhabi Islamic Bank announced today that it will be postponing monthly repayment instalments for personal and auto finance customers…
Islamic lender Amlak says eyeing partnership with Dubai's Emaar
Dubai-based Islamic mortgage lender Amlak Finance has said it is in talks with Emaar Properties to launch a partnership. …
Dubai Investments completes 59.66 per cent acquisition in Al Mal Capital
Dubai Investments PJSC has completed acquisition of 59.66 per cent stake in Al Mal Capital PSC, which when allied to…
Abu Dhabi's crown prince is new chairman of ADIC in board revamp – WAM
The board of the Abu Dhabi Investment Council,an investment arm of the Abu Dhabi government, has been revamped with the…